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Direct MessagesDate/Time: Fri, 19 Apr 2024 12:37:14 +0000
Looking for a Rate of Price Change indicator
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| [2013-03-23 14:54:08] |
| User48273 - Posts: 8 |
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Hello: In a trading platform I used to have access to (it was far inferior to Sierra Chart, incidentally), there was a feature where you could highlight a period of time on a chart and get a rate of change for price in that time period. You would highlight an area the same way you would for a Fib retracement pattern. It was like line slope and is used to quantify rapid or slow price change for a given period of time. I can visualize this on a chart but if I change the time scale by compressing or expanding the time scale, I can usually make any slope I want. Getting a numerical quantification of the rate of price change that is independent of how I have the time scale compressed or expanded would be a great thing to have. This would help me in my strategy formulation for trade identification, management and risk. My question is then, does such a thing exist in Sierra Chart? Again, this is a convenience feature because I CAN visualize it as long as I am careful and consistent about my time scaling. I hope this is clear enough for you. Thank You Dennis Lombreglia |
| [2013-03-23 22:53:35] |
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For this we recommend using the Chart Calculator tool. Documentation: http://www.sierrachart.com/index.php?l=doc/doc_Tools.html#ChartCalculator Configuration documentation: http://www.sierrachart.com/index.php?l=doc/doc_Tools.html#DTConfigurationChartCalculator You will need to enable the Angle display and understand how the angle is calculated. The Angle is what you are after. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2013-03-23 22:53:56
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